kabutan

NSW, First Half Ordinary Profit Decreases by 12%

Mon Nov 10, 2025 11:30 am JST Earnings

9739 NSW Inc. 【J-GAAP】

Earnings Report

NSW Inc. <9739> [TSE Prime] announced its financial results at noon (11:30) on November 10th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 12.5% from the same period last year to 2.43 billion yen. Progress toward the full-year plan of 5.14 billion yen was 47.3%, which was higher than the five-year average of 43.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 20.1% from the same period last year to 2.70 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.53 billion yen, a 14.8% decrease compared to the same period last year. The operating profit margin decreased from 13.6% in the same period last year to 11.2%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 23,782 2,713 2,749 1,940 130.3 46.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 24,208 2,756 2,777 1,905 127.9 45.0 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 24,854 2,360 2,431 1,666 111.8 47.3 Nov 10, 2025 J-GAAP
YoY +2.7% -14.4% -12.5% -12.5% -12.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 40 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 24,854 2,360 2,431 1,666 111.8 40 Nov 10, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 25,820 3,360 3,391 1,757 117.9 45 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 26,146 2,740 2,709 1,874 125.8 45 Nov 10, 2025 J-GAAP
YoY +1.3% -18.5% -20.1% +6.7% +6.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 50,299 5,862 5,940 4,287 287.8 85 May 13, 2024 J-GAAP
Mar, 2025 50,028 6,116 6,168 3,662 245.8 85 May 12, 2025 J-GAAP
Mar, 2026 Guidance 51,000 5,100 5,140 3,540 237.6 85 May 12, 2025 J-GAAP
YoY +1.9% -16.6% -16.7% -3.3% -3.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 13,226 1,794 1,801 1,243 83.4 13.6 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 11,977 1,601 1,644 1,140 76.5 13.4 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 13,843 1,759 1,747 617 41.4 12.7 May 12, 2025 J-GAAP
Apr - Jun, 2025 11,446 863 896 605 40.6 7.5 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 13,408 1,497 1,535 1,061 71.2 11.2 Nov 10, 2025 J-GAAP
YoY +1.4% -16.6% -14.8% -14.6% -14.6%

Related Articles